Three Seasons Wealth LLC Makes New Investment in Paycom Software, Inc. (NYSE:PAYC)

Three Seasons Wealth LLC purchased a new position in shares of Paycom Software, Inc. (NYSE:PAYC - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,954 shares of the software maker's stock, valued at approximately $401,000.

Other hedge funds also recently modified their holdings of the company. JPMorgan Chase & Co. lifted its holdings in shares of Paycom Software by 14.5% during the third quarter. JPMorgan Chase & Co. now owns 326,018 shares of the software maker's stock worth $54,305,000 after purchasing an additional 41,187 shares during the period. Proficio Capital Partners LLC acquired a new position in Paycom Software in the fourth quarter valued at $7,142,000. Glenview Trust co lifted its holdings in Paycom Software by 27.1% in the fourth quarter. Glenview Trust co now owns 12,294 shares of the software maker's stock valued at $2,520,000 after buying an additional 2,625 shares during the period. Nordea Investment Management AB lifted its holdings in Paycom Software by 3.5% in the fourth quarter. Nordea Investment Management AB now owns 204,377 shares of the software maker's stock valued at $41,952,000 after buying an additional 6,916 shares during the period. Finally, Friedenthal Financial acquired a new position in Paycom Software in the fourth quarter valued at $776,000. Institutional investors and hedge funds own 87.77% of the company's stock.

Paycom Software Price Performance

Shares of PAYC stock traded down $1.27 during trading hours on Monday, reaching $226.33. The company had a trading volume of 507,812 shares, compared to its average volume of 713,962. Paycom Software, Inc. has a 12 month low of $139.50 and a 12 month high of $242.74. The business has a fifty day simple moving average of $214.84 and a 200-day simple moving average of $210.61. The company has a market cap of $13.09 billion, a price-to-earnings ratio of 25.43, a price-to-earnings-growth ratio of 2.40 and a beta of 0.97.

Paycom Software (NYSE:PAYC - Get Free Report) last posted its earnings results on Wednesday, February 12th. The software maker reported $2.02 earnings per share for the quarter, beating analysts' consensus estimates of $1.99 by $0.03. Paycom Software had a return on equity of 33.53% and a net margin of 26.66%. On average, equities research analysts expect that Paycom Software, Inc. will post 7.15 earnings per share for the current year.

Paycom Software Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 10th were given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date was Monday, March 10th. Paycom Software's payout ratio is 16.85%.

Insider Activity at Paycom Software

In related news, insider Bradley Scott Smith sold 3,000 shares of the stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $201.01, for a total transaction of $603,030.00. Following the completion of the sale, the insider now directly owns 28,733 shares of the company's stock, valued at approximately $5,775,620.33. This trade represents a 9.45 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director J C. Watts, Jr. sold 500 shares of the firm's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $218.22, for a total value of $109,110.00. Following the completion of the sale, the director now directly owns 7,730 shares of the company's stock, valued at $1,686,840.60. This represents a 6.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 7,100 shares of company stock valued at $1,476,024. 10.90% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Citigroup dropped their target price on shares of Paycom Software from $234.00 to $221.00 and set a "neutral" rating on the stock in a report on Thursday, January 16th. Needham & Company LLC restated a "hold" rating on shares of Paycom Software in a report on Thursday, February 13th. Piper Sandler lifted their price target on shares of Paycom Software from $191.00 to $224.00 and gave the company a "neutral" rating in a research note on Friday, February 14th. Stifel Nicolaus decreased their price target on shares of Paycom Software from $215.00 to $187.00 and set a "hold" rating for the company in a research note on Thursday, February 13th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Paycom Software from $185.00 to $200.00 and gave the company a "neutral" rating in a research note on Thursday, February 13th. Twelve research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $212.80.

Paycom Software Profile

Paycom Software, Inc provides cloud-based human capital management (HCM) solution delivered as software-as-a-service for small to mid-sized companies in the United States. It offers functionality and data analytics that businesses need to manage the employment life cycle from recruitment to retirement.